Press release
Connector Global Market Showing Growth Momentum to Reach $92.65 Billion in 2025: Demand Sparked by Telecoms Expansion, Automotive Electronics Integration, and Consumer Electronics Boom
Connector Market Share
• Connector market will grow from $86.07 billion in 2024 to $92.65 billion in 2025 at a CAGR of 7.6%.
• This growth can be attributed to the rapid expansion of telecommunications, the computing revolution, high-speed data transmission, automotive electronics integration, and the consumer electronics boom.
• The connector market size is projected to expand solidly over the next few years, reaching $117.28 billion in 2029 at a CAGR of 6.1%.
• The future growth can be attributed to the deployment of 5G technology, electric vehicles and charging infrastructure development, expansion of the Internet of Things (IoT), edge computing, and integration of artificial intelligence and machine learning.
What Factors Are Propelling The Connector Global Market Growth?
The growth of the automotive industry is a significant driver of the connector market. As automotive industry involves design, development, manufacturing, and selling of motor vehicles, the connectors play an important role in power transmission and signal transmission among various vehicle components. This contributes to the efficiency and safety of the vehicle's electrical system. In 2023, as per the reports by the Society of Motor Manufacturers and Traders (SMMT), UK passenger car sales saw a 25.8% jump from 140,958 units in 2022 to 177,266 units. This growth in the automotive industry points towards a similar growth trend in the connector market.
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Who Are the Key Players Driving Connector Global Market Report 2025's Growth?
• Japan Aviation Electronics Industry, Ltd.
• Koch Industries Inc. (Molex LLC)
• 3M Company
• Luxshare Precision Industry Co., Ltd.
• Prysmian Group
• TE Connectivity Ltd.
• Yazaki Corporation
• Amphenol Corporation (Amphenol RF)
• Nexans SA
• Ametek Inc.
What Are The Key Trends In The Connector Global Market Report 2025?
• Miniaturization and high-density connectors
• High-speed data transmission
• Rise of Industry 4.0 and IoT
• Increased focus on reliability and durability
• Advancements in materials and sustainability
How Is The Connector Global Market Report 2025 Segmented?
• By Product: PCB Connectors, I Or O (Input Or Output) Connectors, Circular Connectors, Fiber Optic Connectors, RF Coaxial Connectors, Rectangular Connectors, Solar Connectors, Patchcord
• By Material: Copper, Aluminum, Stainless Steel, Plastic, Other Materials
• By End User: Consumer Electronics, Telecom, Automotive, Energy And Power, Aerospace And Defense, Other End Users
Which Region Holds The Largest Share In The Connector Global Market Report 2025?
In 2024, the Asia-Pacific was the largest region in the connector market. This report includes a detailed analysis of regions such as North America, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Connector Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Connector Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Connector Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Connector Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Connector Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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